Colorado lawmakers approve plan for pot banking
The Seattle Times (US)
Thursday, May 8, 2014
Thursday, May 8, 2014
Frustrated by the cash-heavy aspect of its new marijuana industry, Colorado is trying a long-shot bid to create the world's first financial system devoted to the pot business. But Colorado's plan to move the weed industry away from dank-smelling cash to easily auditable banking accounts is a Hail Mary pass that won't work, industry and regulatory officials agree.
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